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Crypto

Bitmine BMNR Stock Surges After Adding Nearly 10,000 ETH

Guavy AI Editorial Team
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ETH
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Bitmine Immersion Technologies (BMNR) stock experienced a 3.95% gain to reach $18.80 after announcing its latest Ethereum acquisition.

The company added nearly 10,000 ETH to its treasury, pushing the total to approximately 5.82 million coins.

This represents about 4.8% of Ethereum's circulating supply and brings Bitmine closer to its goal of securing 5% of the digital asset's total supply.

The company's Ethereum position is valued at around $11.4 billion, with over 5.07 million ETH currently staked and generating ongoing staking yields.

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